topic Re: Capital One CLI Request in Credit Card Applications

Capital One CLI Request

socalchef00 — Tue, 25 Jan 2022 19:04:04 GMT

I asked for an increase on my Capital One Quicksilver card. Current limit is $2,800. Asked for $4k and stated my reason was "longer term monthly expenses will increase".

I did not get an immediate decision. Is this the typical response when requesting a CLI from Cap1 ? Says I will hear something in 2-3 days.

Re: Capital One CLI Request

FinStar — Tue, 25 Jan 2022 19:11:28 GMT

@socalchef00 wrote:
I asked for an increase on my Capital One Quicksilver card. Current limit is $2,800. Asked for $4k and stated my reason was "longer term monthly expenses will increase".
I did not get an immediate decision. Is this the typical response when requesting a CLI from Cap1 ? Says I will hear something in 2-3 days.

It sounds like a denial outcome, unfortunately. When you receive the letter please be sure to share with the community as far as what reason(s) they provided.

Re: Capital One CLI Request

socalchef00 — Tue, 25 Jan 2022 19:54:43 GMT

@FinStar wrote:
@socalchef00 wrote:
I asked for an increase on my Capital One Quicksilver card. Current limit is $2,800. Asked for $4k and stated my reason was "longer term monthly expenses will increase".
I did not get an immediate decision. Is this the typical response when requesting a CLI from Cap1 ? Says I will hear something in 2-3 days.
It sounds like a denial outcome, unfortunately. When you receive the letter please be sure to share with the community as far as what reason(s) they provided.

Thats what I thought.

Re: Capital One CLI Request

JLRDC909 — Tue, 25 Jan 2022 20:24:26 GMT

C1 has never been one to give CLIs that often. They often will pull every lame excuse out of the books to prevent you from having one. That just my opinion. Some have been granted increases but I think the majority do not get them.

Re: Capital One CLI Request

Trini88 — Tue, 25 Jan 2022 20:37:05 GMT

You will receive your denial letter tomorrow in the capital one app.

Re: Capital One CLI Request

socalchef00 — Tue, 25 Jan 2022 23:01:58 GMT

@socalchef00 wrote:
I asked for an increase on my Capital One Quicksilver card. Current limit is $2,800. Asked for $4k and stated my reason was "longer term monthly expenses will increase".
I did not get an immediate decision. Is this the typical response when requesting a CLI from Cap1 ? Says I will hear something in 2-3 days.

So got my letter today already.

Denial was due to :

Average monthly payment has been to low and Recent payments on this account have been to low.

Wish is funny, as I dont carry a balance, so of course the payments are low.

Re: Capital One CLI Request

Junejer — Tue, 25 Jan 2022 23:30:43 GMT

Cap1 just baffles me. Sorry to hear that @socalchef00.

I swear if this weren't my oldest card, I would have closed it a long time ago. I haven't been able to get a CLI since I started using other cards as my primary drivers.

Re: Capital One CLI Request

Trini88 — Wed, 26 Jan 2022 14:11:22 GMT

@socalchef00 wrote:
@socalchef00 wrote:
I asked for an increase on my Capital One Quicksilver card. Current limit is $2,800. Asked for $4k and stated my reason was "longer term monthly expenses will increase".
I did not get an immediate decision. Is this the typical response when requesting a CLI from Cap1 ? Says I will hear something in 2-3 days.
So got my letter today already.
Denial was due to :
Average monthly payment has been to low and Recent payments on this account have been to low.

Wish is funny, as I dont carry a balance, so of course the payments are low.

Wooooow. They really fight for an excuse not to increase people 🥴

Re: Capital One CLI Request

socalchef00 — Wed, 26 Jan 2022 14:19:38 GMT

@Junejer wrote:
Cap1 just baffles me. Sorry to hear that @socalchef00.

I swear if this weren't my oldest card, I would have closed it a long time ago. I haven't been able to get a CLI since I started using other cards as my primary drivers.

Right!

This is my second oldest card, 15 years, and I've barely ever gotten CLI's.

Re: Capital One CLI Request

Junejer — Wed, 26 Jan 2022 15:56:46 GMT

@socalchef00 wrote:
@Junejer wrote:
Cap1 just baffles me. Sorry to hear that @socalchef00.

I swear if this weren't my oldest card, I would have closed it a long time ago. I haven't been able to get a CLI since I started using other cards as my primary drivers.
Right!
This is my second oldest card, 15 years, and I've barely ever gotten CLI's.

Mine started as a platinum with $700 SL, then auto CLI to $1,100, then to $2,100 all inside of a year. I then got a PenFed Visa with $15K SL and began using that as my main card, with good reason. I then requested a CLI to $10K, I believe and they gave me $4,100. A year or so later I requested again to $10K, they gave me $5,100 and that's where it has been for the past 12 years or so. Every time I request a CLI, I get an instant denial.

Re: Capital One CLI Request

Dna1701 — Sun, 06 Feb 2022 15:23:05 GMT

I asked for a cli and got $100 😂🤯 I almost didn't accept it

Re: Capital One CLI Request

WST — Thu, 10 Feb 2022 04:10:38 GMT

A $100.00 CLI is exactly what I just received (from $750 to $850).

Re: Capital One CLI Request

practical1 — Fri, 11 Feb 2022 00:48:10 GMT

I've been denied CLIs from them for the last 5 years, even though my FICO-8 score has gone from low 600's to nearly 800 and my income has tripled......

Go figure.

Re: Capital One CLI Request

FinStar — Sat, 12 Feb 2022 03:32:24 GMT

@practical1 wrote:
I've been denied CLIs from them for the last 5 years, even though my FICO-8 score has gone from low 600's to nearly 800 and my income has tripled......

Go figure.

Sounds like your account resides in some 'tranche' @practical1. See below thread for some insight as to why your account's performance may be what it is, regardless of score/profile improvements, income changes, etc.

https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Card-Asset-Backed-Securities-ABS-and-why-some-subprime/m-p/5083619

Re: Capital One CLI Request

BessTruman — Fri, 11 Feb 2022 17:38:51 GMT

Same here. It is an old card or it would have been gone LONG AGO. CL is $2500